The Real Silicon Valley

Re:The Real Silicon Valley by natural219 on Tuesday December 18, 2012 @08:09PM (#4940670)

You and I are looking at different marginal tax rate tables if you're talking about US income tax.

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Re:The Real Silicon Valley by joonix on Tuesday December 18, 2012 @11:29PM (#4941144)

  Annual Gross Pay	$100,000.00
  Federal Withholding	$19,794.50
  Social Security	$4,200.00
  Medicare	$1,450.00
  California	$7,257.14
  SDI	$955.85

  Net Pay $66,342.51

http://www.paycheckcity.com/calculator/netpay/us/california/...

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Re:The Real Silicon Valley by muzz on Wednesday December 19, 2012 @01:39AM (#4941464)

And if the only tax break one takes advantage of is the 401k (ie no mortgage, no business deductions, etc):

Annual Gross Pay $100,000.00 Federal Withholding $ 15,292.50 Social Security $ 4,200.00 Medicare $ 1,450.00 California $ 5,518.04 SDI $ 955.85

401k $ 17,000.00

Net Pay $ 55,583.6

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